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BC's 2009 Budget announced that the
general rate would be reduced from 11% to 10.5% January 1, 2010, and to 10% effective
January 1, 2011. The 2.5% small business rate is effective December 1,
2008. BC's September
2009 Budget Update announced that the small business limit would be
increased to $500,000 effective January 1, 2010.

Manitoba's general tax rate is reduced from 13% to 12% effective July 1, 2009. The small business
income tax rate is being reduced to zero effective December 1, 2010, as per
the Manitoba 2009 budget.

Nova Scotia has a new
small business tax deduction which eliminates Nova Scotia corporate income
tax for the first 3 taxation years of an eligible new small business (CCPC) after
incorporation. Nova Scotia announced in their 2010
Budget that their small business rate would be reduced to 4.5% on
January 1, 2011.

Prince Edward Island's small business rate was reduced from
3.2% to 2.1% effective April 1, 2009 and 1% effective April 1,
2010.

The Quebec 2009 budget
increased the business limit from $400,000 to $500,000,
effective March 20, 2009.

A surtax of 4.25% applies to CCPCs whose adjusted taxable
income, including all associated corporations, exceeds the small business
limit. The surtax fully claws back the small business deduction when
the adjusted taxable income is greater than or equal to $1.5 million. The
Ontario 2009 budget
eliminates this surtax effective July 1, 2010.

Ontario 2009 budget reduces general rate to

12% effective July 1, 2010

11.5% effective July 1, 2011

11% effective July 1, 2012

10% effective July 1, 2013

Ontario 2009 budget reduces small business rate to 4.5%
effective July 1, 2010.

The NB 2009 budget
reduced the general rate to 12% effective July 1, 2009. This rate will
be further reduced to:

11% effective July 1, 2010

10% effective July 1, 2011

8% effective July 1, 2012

The NB business limit was increased by the 2009 budget,
from $400,000 to $500,000, effective January 1, 2009.

The NL 2010 Budget
announced that the small business corporate income tax rate will be reduced
from 5% to 4% effective April 1, 2010.